You probably won’t be the only one who thinks you should leave your home, but you probably won’ be the first to tell you that a big chunk of your house is already at risk of being demolished, bulldozed or left to rot in the desert.
Here are five of the biggest risks that home owners face in the U.S. and Canada.1.
Your house is too small to live in Now the number one risk for homeowners is the inability to afford a home.
In fact, home ownership is now the third most important financial goal for people in their 50s, 60s and 70s.
The average age of a typical American home is 39.3 years, according to a recent study by the Federal Reserve Bank of St. Louis.
The median home size is 1,600 square feet.2.
Your home is too expensive to buy Now, while most people will still want to own a home in the near future, the amount of money required to purchase one is getting out of hand.
In 2017, the median price for a home was $1,845,739.
That’s an increase of nearly $250,000 since 2014.
The current average price for an American home, however, is $1.1 million.3.
Your family is already moving out Now, moving out is the biggest risk for many homeowners.
According to the American Association of Realtors, there were 7.5 million families that were moving out in the first quarter of 2019, up from 6.6 million families in the same period a year earlier.
And in the third quarter of 2018, that number had reached a whopping 15.5 per cent of the population.
That means the number of families moving out has jumped by almost 2 million.4.
Your parents are moving out to get out of the houseNow, moving is one of the big risks facing parents.
According the National Association of Home Builders, the percentage of parents who are either moving out of their home or have already moved out increased by more than 10 per cent between 2014 and 2019.
That increase in the percentage moving out could be due to the high cost of rent in many cities, the increasing cost of childcare and other costs associated with home ownership.5.
Your car is too big to be driven in Now, if you’re a homeowner who lives in a car that is too large for you, you are not alone.
A 2017 report by the Insurance Information Institute found that the average car insurance rate for those in their 40s, 50s and 60s is $5,964.
That puts the average price tag on a car at nearly $50,000, a number that could potentially increase as more older drivers enter the market.6.
Your spouse is moving outNow, the average age at which a couple has children is now around 36, meaning many couples in their 30s, 40s and 50s are already looking for ways to get older.
The report also found that many of the people who have children are choosing to stay at home with their parents and have no intention of ever buying a home, meaning the average income of a parent and their children is expected to drop in the future.7.
You’re not doing your research and don’t know what you’re buyingWhen you’re looking at buying a house, you should always keep in mind that many homeowners are looking at properties in the market with no intention to live there.
“There’s an enormous amount of pressure on homeowners who are trying to buy a home with a down payment that is not paying off,” says Jason Lehr, a broker at RBC Wealth Advisors in Calgary, Canada.
“If you’re not taking your time and being very smart about it, you’re putting your money at risk.”8.
Your child will be too old for the house, and you can’t afford to pay them offNow, there are plenty of reasons why a parent might decide to move out and not buy a house.
“We know there are people who will live with their kids for a long time and then just get older,” says Lehr.
“People who have a big down payment and live with friends.
People who want to be closer to family.
People with health issues.”
It’s also possible that a parent will be sick and not be able to afford to keep the kids.
If you are one of those parents, there’s a good chance you are the first in your family to have been diagnosed with cancer, according the National Cancer Institute.9.
Your children are being raised in a home that isn’t safe or suitable for themNow, even if you live in a community with a decent safety net and are able to buy or rent in your home town, there could be other risks for your children.
According a report by a national group of home builders, more than 80 per cent are moving away from the country where they were raised because of housing costs, the